Trump meme coin is not guilty in Taiwan! FSC: "His launch coin is a personal act and not illegal without advertising."

On the 18th, U.S. President Trump launched the official meme coin $TRUMP, which was purchased by many Taiwanese cryptocurrency investors. However, DarkerDuck, the moderator of the DigiCurrency board on PTT, reported Trump for involvement in Money Laundering. At today's Spring Press Conference of the Financial Supervisory Commission, the Director of the Securities and Futures Bureau responded that Trump's meme coin "is not illegal." Trump's issuance of the official meme coin before taking office shook the coin world, with a explosive Market Cap of $70 billion in just 30 hours, allowing many early encryption investors to profit. However, Taiwan's current regulations require virtual currency trading operators to register. If a coin operator provides trading services without registration, they will be deemed to be in violation of Money Laundering prevention laws, raising concerns among many members of the community. Trump did not advertise in Taiwan, so it is not illegal. DarkerDuck, the moderator of the digital currency board on PTT, complained to the FSC that Trump's issuance of the meme coin violated Taiwan's VASP regulations and the Anti-Money Laundering Act, highlighting the inadequacies of the current regulations. At the Spring Press Conference of the FSC, blockchain media also raised related questions. The Director of the Securities and Futures Bureau, Chang Chin-shan, responded immediately, stating that "Trump's issuance of the meme coin is a personal act and is not a coin issued for the Taiwanese people, so it cannot be applied under Taiwan's regulations. As long as he does not advertise in Taiwan, these regulations do not apply." The response from the Securities and Futures Bureau sparked a lot of discussion among Taiwanese investment communities in the afternoon, such as "How to explain "not a coin issued for the Taiwanese"? Is a coin issued for the Taiwanese a coin issued for the Taiwanese? Was Trump's message posted on his own X Twitter platform not considered "advertising"? These questions have become new concerns. It can be observed that the FSC does not consider the issuance of Tokens by foreign individuals, organizations, or legal persons, and DEX on-chain transactions to be legal, and has no way to regulate them, invisibly allowing domestic people to operate finance on the blockchain, giving them more space. The FSC attaches importance to financial innovation: special law on encryption to hold public hearings in February. Chairman Peng Chun-lung emphasized at the press conference that the FSC attaches importance to financial innovation, which is a very important direction affecting the development of the financial industry, and is given the highest attention. In terms of VASP and the special law on encryption, a public hearing is planned for February, and it will be submitted to the Executive Yuan in June. Previously, the BTCETF was opened to professional investors for observation for six months to a year, and then the Securities and Futures Bureau and related units were invited to review it. In the future, in the supervision of stable coins, Peng Chun-lung pointed out that the FSC will take on a role in jointly managing the market with the Central Bank, and CDBC is the responsibility of the Central Bank. Related reports: Trump's issuance of coins was reported by Taiwanese for violating the Anti-Money Laundering Act. The PTT encryption board moderator: FSC, you should hurry up and catch him. Is P2P trading all illegal? The Taiwan FSC shouts "individual coin dealers will be shut down for seven years," and the VASP special law draft aims to be submitted to the Executive Yuan in June. "Trump's meme coin is innocent in Taiwan! FSC: "His coin issuance is a personal act, and it is not a violation if he does not advertise." This article was first published on BlockTempo, the most influential blockchain news media in Dynamic Block Trend.